PALO ALTO, Calif. & SOUTH JORDAN, Utah — (BUSINESS WIRE) — February 28, 2017 —
Today Cape Analytics, a company that leverages computer vision and
machine learning to generate structured real estate data, and Nearmap
(ASX:
NEA), a leader in high-resolution aerial imagery, are announcing a
landmark partnership. The long-term partnership allows Cape Analytics
unlimited access to Nearmap aerial imagery of U.S. property locations
across the continental United States in order to provide insurers with
the most accurate inspection-level property data instantaneously and at
nationwide scale.

Cape Analytics has developed a cloud-based platform using Nearmap imagery that provides an on-demand data stream of high-value property features and risks for real estate portfolios across the United States. (Photo: Business Wire)

Cape Analytics has developed a cloud-based platform that provides an
on-demand data stream of high-value property features and risks for real
estate portfolios across the United States. For insurers, access to this
data transforms their underwriting process by improving the agent and
customer experience, increasing quote speed and refining quote accuracy
– all with greater cost-effectiveness.

The platform now integrates the accurate and frequently refreshed aerial
imagery, courtesy of Nearmap. Nearmap’s imagery provides detailed 2.8”
GSD resolution that is updated on a frequent basis, which allows its
subscribers to observe the truth on the ground. With such imagery, Cape
Analytics can use its machine learning and computer vision algorithms to
accurately assess dozens of types of property risks instantaneously –
from roof features and condition, to potential hazards on a parcel such
as pools and trees, to the extent of damage following a hurricane.

"Cape Analytics is using Nearmap’s industry-leading aerial imagery to
provide tremendous value to the insurance and real estate industries.
Our images, combined with their cutting edge artificial intelligence,
opens the door to inspection-quality data, without ever needing to set
foot on a property. We are excited to help Cape Analytics offer insurers
this high resolution, consistent and continually updated real estate
data set,” said Patrick Quigley, Senior Vice President and North America
General Manager at Nearmap.

“We are proud to partner with Nearmap. This partnership will allow us to
continue to extend coverage, frequency and fidelity of our property data
solutions by leveraging Nearmap’s industry-leading refresh rate and
image resolution,” said Cape Analytics’ CEO, Ryan Kottenstette.

Cape Analytics was established in 2014 to revolutionize the way
information about the built environment is created and used. The company
leverages geospatial imagery, computer vision, and machine learning to
instantly and automatically extract proprietary property data for
insurance carriers and other property stakeholders. Cape Analytics
establishes a new category of property data and analytics, offering
immediacy and coverage comparable to pre-filled data, but with accuracy
and detail now relegated to time-consuming in-person inspection reports.
Cape Analytics seamlessly integrates into an insurance carrier’s quote
engine, via API.

About Nearmap

Nearmap
brings the real world to you. Wecapture, manage and deliver
the most current location content in the world, allowing businesses and
governments to explore their environmenteasily. With Nearmap,
organizations unlock opportunitiesthat consistently inform
decision-making and transform the way they work. Our high-resolution,
frequently updated aerial imagery is 2.8-inch GSD, better than satellite
imagery. Delivered within days of capture, Nearmap shows changes over
time. Users save time and money, reduce site visits and efficiently plan
with current, clear imagery.

Nearmap is delivered through a refreshingly easy-to-use interface called
MapBrowser or accessed via Esri® and Autodesk products.